Will Lady Gaga restore Jackson's Neverland Ranch?

A source tells The Sun that the pop singer seeks to return the abandoned property to its former glory.

Could Lady Gaga become the financial powerhouse needed to save the late Michael Jackson's dilapidated Neverland Ranch?

The fate of 3,000 acre property, home to Jackson from 1988 to 2005, has been a topic of discussion since the singer's death in 2009 - with futures uses such as an animal sanctuary, museum, or even a massive California state park floated.

"Lady Gaga is obsessed with Michael. She's become good friends with his sister La Toya and would love more than anything else to restore Neverland to its original state," the source told The Sun. "His kids are all desperate to hold on to their childhood home so they can decide what they want to do with it properly when they've grown up."

They added: "Gaga would love to help with the financial costs by buying a share."

Back in March of 2011, Colony Capital’s Tom Barrack, whose firm owns part of the rights to the property, said the ranch was in the process of being rehabilitated.

“Our plans have been to work to restore it to its original greatness,” he told Bloomberg TV. “The place is amazing. It has not only the beautiful spirit and softness of Michael, but a legacy of a thousand years of Indian culture that had transacted upon it. We have just been restoring it, renovating it.”

Barrack added that they are waiting for Michael Jackson's estate to decide the future of the property. A Daily Mail report from 2010 quoted a source as saying that Jackson's two oldest children - Prince Michael and Paris - were interested in turning Neverland into a shrine to their father; as well as a community park and sanctuary for animals. As MNN's Matt Hickman reported earlier, such a decision would likely prove immensely popular with the public. As an example, Graceland, Elvis Presley's former home in Memphis, is the second most visited private home in the United States behind the White House.